Recent content by businessowner350

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    Sage "One Off" Invoices

    I'm guessing you mean 3 per week from the same supplier?
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    Sage "One Off" Invoices

    It's just really due to the fact that we'd like to see data that we've entered into Sage. I'm sure Sage will do calculations properly, but it's nice to see that everything has been entered properly.
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    Sage "One Off" Invoices

    Thanks for your reply. What about corporation Tax calculations? Do I just leave this to the accountant (assuming all N/C are used correctly) Where can I view my supplier codes? Is there really no way to see Ex Vat and VAT amounts for each supplier or customer, after the invoice has been...
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    Sage "One Off" Invoices

    Thanks. I was always under the impression that the VAT had to be reclaimed in the same period the invoice was generated! I actually have another question if you don't mind. Regarding Nominal Codes, is there a way to view the total Ex. VAT and VAT amounts for each? Everywhere I look, it only...
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    Sage "One Off" Invoices

    Right, so it doesn't actually matter if the payment date is later than the receipt/invoice date, because I have four years to claim VAT back anyway? Let's take an example: We make a one-off purchase of £200 (£240 Inc VAT). The date of the invoice/receipt is 30th March, but it appears as a...
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    Sage "One Off" Invoices

    It's not so much that we intentionally pay at a later date, but more of the fact that payments tend to show on a bank statement later on. This applies to silly things such as buying a pen (with a company debit card) from a stationary shop, for example. The shop receipt will show a certain date...
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    Sage "One Off" Invoices

    Hi Everyone, For our suppliers who we purchase regularly from, we create a supplier account in the Sage Supplier screen. When we receive an invoice from them, we click "Invoice" on the Supplier screen and add the invoice. When the money leaves our bank account, we use the "Make Payment"...
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    Credit Balance

    There is no such thing as an "Underpayment" with regards to the N/C. Underpayments are regarded as "normal" payments are just simply reduce the "WHMCS-customer" balance in Sage. If they buy from me again, another invoice will be generated and they will have to pay. If they have overpaid in the...
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    Credit Balance

    It boils down to the fact that Sage will be used to create our balance sheets and as such, we need an accurate figure for money owed by creditors. I guess I wish to treat an overpayment as a "Gift Card" product sold, hence why my reasoning for a special N/C
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    Credit Balance

    Sort of. I guess the key thing is that an overpayment is immediately converted into a "Gift Card"/"Store Credit" style product (which doesn't attract tax/VAT). Since the "WHMCS-customer" in sage is an amalgamation of 300 customers, we want the balance to reflect the unpaid invoice liability...
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    Credit Balance

    I appreciate your opinion, but if I don't want the overpayments to affect the liability, surely my way is the only way? Is there a better way to do this? The reason why I want the "WHMCS-customer" liability seperate from its credits, is that we have to remember that "WHMCS-customer" is an...
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    Credit Balance

    Hi Ron, Thanks for your reply however this won't work. We don't want the overpayments to affect the balance on the account, as the overpayments don't reduce the overall liability of the "WHMCS-customer". The overpayments are added to a "Credit Balance" in WHMCS, akin to a Gift Card Balance...
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    Sage Directors Loan Account

    Hi Everyone, What is the best way to create a Director's Loan Account in Sage? Let's say the company owes £1000 to a director, do we just simply create a new bank account titled "Director's Load Account" with an opening balance of £-1000 ? Of course, all future transfers between DLA and...
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    Credit Balance

    Hi Everyone, As we are a hosting provider, we use the WHMCS billing system which generates invoices for all of our hosting customers. Customers use PayPal to pay these invoices. Some of these customer overpay their invoices, and as such, WHMCS automatically adds the overpayment to their...
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    Buying a House

    Hi Everyone, As we all know, house prices are at an all time low. I'm mulling over the idea to buy a property, in the hopes that in the long term this would be a good investment. Then I had a second though: Should I get my limited company to buy the house instead of me personally? I'm...
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